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Dow...down -17.53 (-0.18%)

S&P500...up +2.53 (+0.24%)

interesting night over in the U.S

the Dow & S&P500 basically went sideways, but at the end of the day the S&P500 just managed to close in the green by a whisker.


on market data news:


Motor Vehicle Sales




Consumers were out buying vehicles in October, at a 7.8 million annual unit rate that's more than 15 percent better than September's rate. The gain looks to add at least several billion dollars, or roughly one percentage point, to October's retail sales comparison with September. What's impressive about the results is that consumers, despite the weak jobs market and despite low spirits, didn't need cash-for-clunker rebates to commit to new vehicle purchases. Chain-store reports on Thursday will add the next piece to the retail sales puzzle.


Market Consensus Before Announcement


Sales of domestic light motor vehicles fell a whopping 33.8 percent in September to an annualized a 6.62 million annual rate compared to August's stimulus-boosted 10.00 million. Combined domestic and import makes of cars and light trucks dropped to an annualized 9.22 million units from 14.09 million in August.






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Does this man know what he is doing??? (a light humour comment).............the last time he bought big, the markets plunged not long after...........................mmmm, we'll see


U.S. stock market gets positive message from Buffett


Equity analysts: Deal for Burlington Northern a bet on economic recovery

Nov. 3, 2009, 4:32 p.m. EST


By Kate Gibson, MarketWatch


NEW YORK (MarketWatch) -- Berkshire Hathaway Inc.'s blockbuster deal for Burlington Northern Santa Fe Corp. should offer a positive jolt to the broader U.S. stock market, which tends to follow the lead of the transportation sector.




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  • 2 weeks later...

Jobless Claims


Consensus 512K


Actual 502 K


which was in the consensus range.




Jobless claims continue to come down. Initial claims fell 12,000 in the Nov. 7 week to a level of 502,000 (prior week revised 2,000 higher to 514,000). The four-week average shows the progress that's underway, down 4,500 to 519,750 for the lowest level since last November. Continuing claims extended their long downward trend, falling a very large 139,000 to 5.631 million (Oct. 31 week). Though some of this improvement may reflect new hiring, much of it unfortunately reflects the expiration of benefits. The number receiving extended benefits fell 28,243 to a level of 523,061, while those receiving emergency compensation rose more than 20,000 to 3.52 million (both Oct. 24 week). The unemployment rate of insured workers continues to fall, down another tenth to 4.3 percent and in big contrast to total unemployment which has continued to rise, jumping to 10.2 percent in October. Unemployment remains high but initial jobless claims are definitely improving in what is a big plus for the labor outlook. Though better than expected, today's report is having no initial impact on financials markets.



Market Consensus Before Announcement

Initial jobless claims declined 20,000 in the October 31 week to 512,000. The pace of layoffs has been on a downtrend as the four-week average was down for the ninth straight week, 3,000 lower at 523,750. Continuing claims are also declining but here the change is likely a negative, due largely to the expiration of benefits. Continuing claims, in data for the October 24 week, fell 68,000 to 5.886 million for the seventh decline in a row.



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